One such critic, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has cast a lone dissenting vote at all seven Fed policy meetings this year. Lacker has said he thinks the job market is being slowed by factors beyond the Fed's control. And he says further bond purchases risk worsening future inflation.Others, like John Williams, president of the San Francisco Fed, have said they think the Fed's bond purchases must continue because the job market and other components of the economy are improving only gradually.
Fed Is Expected To Launch New Bond Buying Program
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